Oman: Mattress Market 2024

Mattress Market Size in Oman

After six years of growth, the Omani mattress market decreased by -0.5% to $X in 2022. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced modestly in the following year.

Mattress Production in Oman

In value terms, mattress production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.0% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 34% against the previous year. Mattress production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Oman

After two years of decline, overseas shipments of mattresses increased by 5.3% to X units in 2022. In general, exports recorded a mild expansion. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, mattress exports reduced to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Qatar (X units) and Saudi Arabia (X units) were the main destinations of mattress exports from Oman, with a combined 92% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +19.8%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the largest markets for mattress exported from Oman worldwide, together comprising 92% of total exports.

Qatar, with a CAGR of +20.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, declining by -15.4% against the previous year. In general, the export price continues to indicate a slight slump. The growth pace was the most rapid in 2021 when the average export price increased by 42%. As a result, the export price reached the peak level of $X per unit, and then reduced dramatically in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Kuwait ($X per unit), while the average price for exports to Qatar ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Oman

In 2022, the amount of mattresses imported into Oman rose remarkably to X units, picking up by 15% on the previous year. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mattress imports rose markedly to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 28%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest mattress supplier to Oman, accounting for a 89% share of total imports. It was followed by Turkey (X units), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+54.9% per year) and Sri Lanka (-15.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mattresses to Oman, comprising 86% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+53.1% per year) and Sri Lanka (-11.7% per year).

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, declining by -7.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15%. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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